Stocks to watch: Mapletree Logistics Trust, ComfortDelGro, Ascendas India Trust, Oxley

THE following companies saw new developments that may affect trading of their shares on Tuesday:

Mapletree Logistics Trust (MLT): The trust is acquiring five freehold logistics properties in South Korea for 280 billion won (S$334.8 million) as it seeks to ride on growth opportunities in the logistics market, it said on Monday. MLT units closed S$0.02 or 1 per cent higher at S$1.95 on Monday, before the announcement.

ComfortDelGro: The transport operator's net profit for the year ended Dec 31, 2020 plunged nearly 77 per cent year on year to S$61.8 million as the pandemic brought activity to a halt, it said on Monday. Shares in ComfortDelGro closed S$0.01 or 0.6 per cent higher at S$1.58 on Monday, before its results announcement.

Ascendas India Trust (a-iTrust): The trust has proceeded to acquire aVance 6 from Phoenix Infocity for about 5.06 billion rupees (S$92 million), said its manager on Tuesday morning. It further agreed to provide about 1.7 billion rupees in funding for the completion of aVance 5, which was originally due to ready by H2 of 2019 but remains under construction "due to various reasons, including Covid-19 delays". Units of a-iTrust closed on Monday S$0.04 or 2.7 per cent higher at S$1.54.

Oxley Holdings: The property developer's shares rallied on Monday, a day after the company announced that its half-year net profit more than doubled to S$34.1 million, from S$15.7 million a year ago. The mainboard-listed counter finished at S$0.24 on Monday, up S$0.01 or 4.4 per cent, with some 9.47 million shares changing hands.